MS SB2146

Creates the Additional Sales Tax Revenue for Municipal Infrastructure Program, phasing in additional diversions of sales tax revenue to municipalities: 0.5% starting August 2016, increasing to 1% in August 2017, and reaching 1.5% in August 2018

Revenue distributed under this program is restricted to specific infrastructure purposes: water and sewer system projects, and road, street, and bridge repair, reconstruction, and resurfacing projects

Funds received by municipalities under this program cannot be treated as general fund revenue and must be spent solely on the designated infrastructure categories

The additional diversion applies to sales tax revenue collected on business activities within municipal corporations, excluding certain taxes collected under Sections 27-65-15, 27-65-19(3), 27-65-21, and 27-65-24

The bill contains a contradictory effective date provision stating it takes effect July 1, 2016, but also shall be repealed from and after June 30, 2016